Fundstrat’s Tom Lee says the metals rally is “sucking oxygen” out of Bitcoin (CRYPTO: BTC) and crypto markets, but predicts a surge for cryptocurrencies nonetheless.

Why Crypto Isn’t Rallying Despite Bullish Fundamentals

Lee said on CNBC on Monday that crypto prices are stuck despite improving fundamentals: it’s a simple case of money flowing to where the action is.

Gold crossed $5,000 and silver hit $110—the kind of massive moves that traders pile in to catch the momentum—money that would normally flow into crypto.

Many traders use borrowed money or options to amplify their bets.

When they’re doing that in gold and silver, they’re tying up their capital and can’t use it…

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